From Pine View Farm

Nothing To Do, Nowhere To Go 0


Fresh signs of weakness in U.S. job markets on Thursday underlined the strains faced by a recession-struck U.S. economy that contracted slightly less in the first quarter than previously thought.

The Labor Department said the number of U.S. workers filing new claims for unemployment benefits last week jumped unexpectedly by 15,000 to a higher-than-forecast, seasonally-adjusted total of 627,000.

Continued claims, which gauge how many Americans were still on jobless rolls after an initial week of claims, rose 29,000 to 6.738 million in the week ended June 13, the latest period for which the data was available.

I was in the local quicky lube this morning–I’d pushed the current oil change as far as I could–and only one of the two bays was in use until I arrived.

A fellow came in looking for a job (I guess you would call it a “lube job”). The manager took his application, but warned him that things were really bad, that he was having to cut his employees’ shifts and hours. “Just this morning,” he said, “I had to send two persons home because I didn’t need them today.”


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